Egnyte Expands Solution and Global Reach with Strategic Acquisition of Polish Software Company

Egnyte, the leader in enterprise file sharing and synchronization, today announced an agreement to acquire a 100% interest in Poland-based software company, Bema Sp. z oo. Bema has provided advanced research & development capabilities for Egnyte's solutions and this acquisition brings these valuable capabilities in-house. The acquisition also provides a strategic base for Egnyte to further expand its global reach.

"Egnyte has a growing customer base of over 30,000 companies and a million users located all over the world," said Vineet Jain, Egnyte founder and CEO. "As part of Egnyte's continuing growth, this acquisition will help us further broaden our solutions and expand our global footprint in development and support."

This acquisition is expected to close in the 2nd quarter of this year and Egnyte plans to expand the Poland-based team by a factor of 4 over the next 12 months. The growth of Egnyte Poland will help Egnyte with the increasing demand of European customers and partners.

About Egnyte

Egnyte transforms business through smarter content allowing organizations to connect, protect, and unlock value from all their content.
Our Content Intelligence platform delivers smart content collaboration and governance in the cloud or on-premises to thousands of businesses
around the world even the most regulated industries. Founded in 2007, Egnyte is privately held and headquartered in Mountain View, CA. Investors
include venture capital firms, such as Google Ventures and Kleiner Perkins Caufield & Byers, as well as technology partners, such as
CenturyLink and Seagate Technology. Please visit www.egnyte.com or call 1-877-7EGNYTE for more information.